Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Casual on June 19, 2021, 03:49:01 AM
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The London hard fork will include EIP-1559, which lowers the amount of ETH miners receive. Currently, every time someone makes a transaction or interacts with a smart contract on Ethereum, they must decide on a fee, which is more or less a guessing game. To push through a transaction quickly, you can set a high fee, all but ensuring miners will include it in a block. If you lowball (intentionally or not), your transaction will likely wait until miners are less busy processing higher-paying transactions. Speed is important in several instances, including when trading upon Ethereum-based decentralized exchanges such as Uniswap, where token prices can swing rapidly; traders lose money if they wait.more (https://decrypt.co/73997/ethereum-upgrade-reduce-eth-supply-moves-final-stages)